144 S Catalina Street

Los Angeles, CA 90004

  • 0 Bed(s)
  • 0 Bath(s)
  • 20,510 Sqft
  • 9024
    Sqft(Lot)
$2,300,000

Description

Shovel-ready 46-unit rti development in prime koreatown: incredible opportunity to develop a fully rti-approved 46-unit 100% affordable housing project in the heart of koreatown—one of the most dynamic and densely populated rental markets in los angeles. the 9,024 sf r3-zoned lot is approved for 40 one-bedroom units and 6 studios, totaling approx. 15,703 sf of rentable space and 20,510 sf of gross building area. projected monthly rental income is approx. $109,072, based on current hacla section 8 rents—offering immediate and reliable long-term cash flow with significant upside. located in the vibrant 90004 zip code, this transit-rich neighborhood is surrounded by major employment hubs (downtown la, hollywood, wilshire center), metro stations, and an endless mix of restaurants, shopping, and services. high walkability, strong tenant demand, and limited affordable housing supply make this a premier opportunity for developers and investors looking to secure a strong return in one of la’s hottest submarkets.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49553451

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • Central Air
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1921
    • Building Area Total: 20,510

    Pool Features

    • None

    Laundry Features

    • See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2072
    • Lot Size Source: See Remarks
    • Lot Size Square Feet: 9024

  • Listing Price Information

    • Original List Price: 2,300,000
    • Listing Contract Date: 2025-04-29

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5518023004

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: KREA - Koreatown
    • Postal Code Plus 4: 4606
    • Directions: Vermont and Beverly
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: KREA - Koreatown
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 104
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Other
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 05/13/2025 @ 14:53

  • MLS: SR25093860
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 20,510 sqft, 9,024 sized lot, and 0 parking. are nearby neighborhoods.